Looking to diversify beyond OKTG? The ETFs below have the lowest correlation with OKTG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OKTG.
Best Diversifiers for OKTG
1038 ETFs have low correlation with OKTG (below 0.3), 74 of which are negatively correlated. The least correlated is First Trust EIP Carbon Impact ETF (ECLN) (Utilities Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust EIP Carbon Impact ETF | -0.27 | -0.27 | -0.27 | 59 | Utilities Equities | OKTG vs ECLN | |
| VanEck Energy Income ETF | -0.19 | -0.19 | -0.19 | 53 | Energy Equities | OKTG vs EINC | |
| FT Energy Income Partners Enhanced Income ETF | -0.18 | -0.18 | -0.18 | 75 | Derivative Income | OKTG vs EIPI | |
| iShares Enhanced Short-Term Bond Active ETF | -0.18 | -0.18 | -0.18 | 100 | Ultrashort Bond | OKTG vs CSHP | |
| FT Energy Income Partners Strategy ETF | -0.14 | -0.14 | -0.14 | 86 | Energy Equities | OKTG vs EIPX |
See all 1136 diversifiers for OKTG
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